Economics Quiz

Economics Quiz

University

17 Qs

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Economics Quiz

Economics Quiz

Assessment

Quiz

Professional Development

University

Medium

Created by

Praveen Suryavanshi

Used 2+ times

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is known as the Father of Economics?

Paul Samuelson

Lionel Robbins

Alfred Marshall

Adam Smith

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of microeconomics?

National income

Government policies

Individual and business decisions

Global trade

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which definition of economics emphasizes scarcity?

Welfare definition

Growth definition

Managerial definition

Scarcity definition

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does macroeconomics primarily study?

Individual markets

Government regulations

The economy as a whole

Consumer behavior

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a key factor of microeconomics?

National debt

Supply

Market structure

Demand

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of a firm according to traditional economics?

Market share growth

Profit maximization

Corporate social responsibility

Employee satisfaction

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which market structure do firms sell identical products?

Monopoly

Monopolistic competition

Perfect competition

Oligopoly

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